The real estate market in Los Angeles as a whole has been quite strong as of late, continuing on a multi-year trend that started in mid 2012 when the market as a whole bottomed out and the activity in our neighborhood is providing some of the best evidence of that. Between developers looking for projects, investors on the hunt for rental properties and owner/users; demand remains quite strong.
The overall level of transactions is up compared to this time last year with no indication of a decline in the near future. For those looking to sell or trade up, this represents a fantastic time to make a move. Whether you are looking to cash out or simply use your equity to trade up into a larger property, your timing couldn’t be better, it seems that almost every transaction I am involved in has multiple offers and ends up selling at over the asking price.
For those looking to enter our market, excitement about all the new happenings has never been more pronounced, inventory remains tight, but serious buyers who are working with great agents (naturally) are still finding wonderful homes. Historically low interest rates continue to make ownership affordable (relatively speaking), and the opening of Spartina and Top Chef alum Marcel Vigneron’s Wolf add two more very exciting restaurants to the mix.
|ADDRESS||SOLD PRICE||BED||BATH||S.F||LOT SIZE|
|7722 CLINTON ST||$820,000||2||2||810||2,251|
|7216 Waring AVE||$750,000||2||1||729||2,475|
|7412 WARING AVE||$982,500||2||1||1,120||3,626|
|735 N STANLEY AVE||$1,279,500||3||2||1,500||6,298|
|506 N GARDNER ST||$1,350,000||2||1||1,423||6,103|
|7514 CLINTON ST||$1,295,000||2||2||1,436||2,846|
|439 N MARTEL AVE||$1,500,000||3||2||1,786||6,999|
|724 N SPAULDING AVE||$1,634,000||3||2||1,734||6,501|
|734 N GENESEE AVE||$1,585,000||2||3||1,448||6,490|
|612 N SIERRA BONITA AVE||$1,580,000||4||3||2,085||6,500|
|741 N ORANGE GROVE AVE||$1,750,000||3||2||1,950||6,043|
|748 N DETROIT ST||$2,650,000||5||6||5,321||6,666|
|635 N SIERRA BONITA AVE||$2,800,000||5||6||3,810||5,851|
|635 N GARDNER ST||$2,900,000||4||5||3,362||5,838|
|534 N STANLEY AVE||$3,000,000||4||5||4,305||6,499|
|607 N CURSON AVE||$3,210,000||5||6||4,339||6,500|
|538 N FULLER AVE||$3,325,000||4||5||4,600||7,333|
Contact Thomas Hilel via email here